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Qingling Motors Co ( (HK:1122) ) just unveiled an announcement.
Qingling Motors Co has announced a revision of the annual cap for its continuing connected transactions under the Existing CQACL Agreement. The company has increased the cap from RMB20,450,000 to RMB76,800,000 for the year ending 31 December 2025, to better meet the business needs of the Group. This adjustment reflects the company’s expectations of higher transaction volumes than initially forecasted. The revision is subject to reporting and announcement requirements but is exempt from independent shareholders’ approval, indicating a strategic move to accommodate anticipated growth and maintain compliance with listing rules.
The most recent analyst rating on (HK:1122) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Qingling Motors Co stock, see the HK:1122 Stock Forecast page.
More about Qingling Motors Co
Qingling Motors Co is a Sino-foreign joint venture joint stock limited company incorporated in the People’s Republic of China. The company operates in the automotive industry, focusing on manufacturing and selling vehicles and related components. It is associated with CQACL, which is partially owned by Qingling Group and other stakeholders, including Isuzu.
Average Trading Volume: 3,251,632
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.96B
Learn more about 1122 stock on TipRanks’ Stock Analysis page.